News
City Officials Approve New Developments
By Veronica Grecu, Associate Editor
One of the biggest real estate transactions in Boston’s history was secured last week, when the city’s Food and Drug Administration approved Vertex’s Pharmaceutical Inc.’s (Nasdaq: VRTX) treatment center for hepatitis C on Fan Pier. The […]
Economy Watch: Jobs Figures, CRE Prices
In more unsettling employment news, the Conference Board said that its employment trends index declined for the second month in a row in May to 99.7, down from April’s revised figure of 100.1. On the other hand, the May figure is still up 5.3 percent from a year ago.
Change in the Air as REITWeek Approaches
With NAREIT’s investor’s forum on tap, several firms are making major announcements — including the departure of AvalonBay Communities Inc.’s Bryce Blair.
ProLogis, AMB Complete Merger
The combined entity is ProLogis Inc. and boasts a 600 million-square-foot global portfolio of industrial assets under management valued at $46 billion.
Economy Watch: Hiring, Non-Manufacturing Stats
Anemic hiring in May meant, essentially, that it was more of the same for the economy during the month. That is, according to the Bureau of Labor Statistics, a lot of labor indicators were “essentially unchanged”–unchanged from crummy, unfortunately.
Miami to Get $2 Billion ‘Resorts World’
By Georgiana Mihaila, Associate Editor
In one of the largest inbound investments in Miami history, Asia’s third largest casino company has reported paying $236 million for the Miami Herald building and the 14 acres of waterfront land surrounding it.
The buyer, a […]
Dallas Transactions Leave a Mark
By Georgiana Mihaila, Associate Editor
In one of the biggest recent purchases within the Dallas area, New York-based Praedium Group, in collaboration with Mike Ochstein, president of Price Realty Group, has acquired the 362-unit Hidden Creek Apartments at 1200 College Parkway, […]
San Francisco MOMA Extension Exhibit in Own Right
By Alex Girda, Associate Editor
The biggest news San Francisco real estate had to offer this past week was undoubtedly the announced expansion of the city’s Museum of Modern Arts. The development is set to contrast the architecture of the original […]
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news of the week ending June 3 and what to watch out for in the coming week.
Office Market Booming in New York
By Veronica Grecu, Associate Editor
Boston Properties Inc. will resume construction of a 39-story office building in Midtown Manhattan. The company recently signed a 15-year lease for 180,000 square feet of office space with law firm Morrison & Foerster LLP as […]